RHI to Acquire Orient Refractories?

Businessn.a. ♦ Published: May 7, 2012; 14:29 ♦ (Vindobona)

The Austrian refractory manufacturer is said to take over the Delhi bases Orient Refractories. The target company denies the rumor.

RHI to Acquire Orient Refractories? / Picture: © RHI AG

According to market rumors, the Austrian RHI is said to be interested in acquiring stakes in Orient Refractories. Reports stated that negotiations go on, the deal should be signed in June. RHI should have agreed to buy a 48.61% stake in the Indian company. The company is currently held by Rajendra Kumar Rafgarhia. Furthermore, RHI is said to make an offer for another 26% stake. In…

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